Blockchain
TUSD Announces Integration with BNB Chain as a Native Token
Singapore, Singapore–(Newsfile Corp. – April 14, 2023) – TrueUSD (TUSD), a leading stablecoin provider, announced its deployment as a native token on BNB Smart Chain. This groundbreaking integration marks a significant milestone in TUSD’s multi-chain expansion strategy. It sets the stage for its further integration into the BSC (BNB Smart Chain) ecosystem.
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“Individual and institutional clients can now mint and redeem native BSC-TUSD through the TUSD website. It leverages the benefits of BNB Chain’s fast execution, minimal fees, and compatibility with various decentralized applications (DApps),” says the Head of Marketing at TUSD.
BNB Chain is a community-driven, decentralized and censorship-resistant ecosystem powered by the BNB token. It consists of BNB Beacon Chain for governance and BNB Smart Chain (BSC) for EVM-compatible development, which facilitates the multi-chain ecosystem. It has processed 3 billion transactions to date from 200 million unique addresses, bringing developers massive user access with ultra-low gas fees. The ecosystem has more than 1,400 active dApps across multiple categories such as DeFi, Metaverse, blockchain games, and NFT.
As the world’s first stablecoin to offer 24-hour live on-chain attestation, TUSD has established itself as an industry leader with transparency, security, and stability. By partnering with multiple banks and institutions, TUSD enables holders to mint and redeem tokens 24/7. In addition, TUSD was the first USD-backed stablecoin to integrate with Chainlink and employ Proof of Reserves to secure its minting.
TUSD has pursued a multi-chain approach in recent years. It provides a stable and sufficient liquidity to various DeFi ecosystems, which bolsters their infrastructure. The stablecoin is now native to several blockchains, including Ethereum and TRON. It has been deployed on over ten public chains. Top crypto exchanges such as Binance, Huobi, Poloniex, and OKX have supported deposits and withdrawals for various TUSD offerings. This streamlined participation in multiple blockchain ecosystems for TUSD holders.
The launch of native BSC-TUSD builds on TUSD’s extensive partnership with the BNB Chain ecosystem.
TrueUSD remains committed to bridging the gap between the crypto world and the real world by continuously exemplifying transparency, security, and robustness. As TUSD expands its use cases and introduces more market-oriented options, users can expect lower costs and better transaction experience.
About TrueUSD
TrueUSD (TUSD) is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with USD. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi, and is live on 10+ mainstream public chains including Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon. TrueUSD is attested in real-time by The Network Firm LLP, an independent, industry-specialized accounting firm in the U.S., to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. With the integration of Chainlink PoR, TrueUSD becomes the first USD-Backed stablecoin to secure minting and further ensure transparency and reliability. Users can access the relevant data via the official website tusd.io at any time. TUSD was granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica on October 7th 2022.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/162384
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ICI Bucharest and AGERPRES launched the project “Agerpres Daily News | Hold History”
Today, October 21, 2024, at the Victoria Palace, the official launch of the “Agerpres Daily News | Hold History”, initiated by ICI Bucharest and the National Press Agency AGERPRES, with the support of the Ministry of Research, Innovation and Digitization. The event marked an important step in combating disinformation and promoting authentic journalism by integrating blockchain technology and non-fungible tokens (NFTs).
The project “Agerpres Daily News | Hold History’ aims to transform authentic and verified news into unique NFTs, giving consumers the opportunity to own a piece of the most relevant moments in daily news. These NFTs, available on the ICI D|Servicesplatform, each represent a ‘time capsule’, immortalizing significant moments in national and global current affairs. NFTs are released daily in limited editions and are accompanied by photos, article snippets or digital art.
The project includes a loyalty program for NFT collectors, who can access special rewards such as digital art pieces, exclusive content, or invitations to events organized by AGERPRES. An innovative feature, “NFT-to-Vote”, is also being explored, whereby NFT holders will be able to influence future news topics. This initiative marks a new way of interacting with news, where audiences can not only consume but own and actively participate in everyday history.
Bogdan Ivan, the Minister of Research, Innovation and Digitalization, emphasized in his speech the importance of this project: “In a world dominated by digital challenges, the use of blockchain to guarantee the authenticity and truthfulness of information is essential. The launch of Adrian-Victor Vevera, the general director of ICI Bucharest, highlighted the added value of the project: “I believe that the young people present in this room are the future consumers of this program, a project that appeared as a continuation of the first collections of NFTs launched with Agerpres. We started with a necessity – validated news and ended up using blockchain technology to certify and validate the news. Other blockchain technology projects will be launched in November this year, so I invite you to stay tuned.”
Claudia-Victoria Nicolae, the general director of AGERPRES, drew attention to the importance of integrating the needs of the new generation: “It is time to adapt and innovate in order to reach young people with the quality information they need. “Agerpres Daily News | Hold History” is not only a step forward for journalism but a necessity in the digital age.”
The event was attended by students at the Faculty of Journalism and Communication Sciences of the University of Bucharest and students at the Romanian-American University, who appreciated the educational and informative potential of this initiative. The project is an essential tool in the fight against disinformation, giving citizens the opportunity to easily collect and verify authentic information.
The post ICI Bucharest and AGERPRES launched the project “Agerpres Daily News | Hold History” appeared first on HIPTHER Alerts.
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